Exercise #3 Answer True or False for each of the statements. 5.) In Scenario C, the major market averages could continue to move higher in the near term. Your answer was B. False That is incorrect. The NYSE Bullish Percent has reversed down from a high level of 68%. We are beginning to see individual stocks breakdown as 6% of the stocks on the NYSE have moved from buy signals to sell signals. However, the indices could continue to move higher. Most major indices are capitalization weighted so if the stocks holding up those indices continue to do well, the indices could hold up while individual stocks hit a snag. Go back to the question.